Vancouver Real Estate Blog

Pre - Home Inspection Before Putting Your Home On The Market - The Advantage Becomes The Seller In A Buyers Market

10 Advantages for Sellers to Have a Home Inspection:

1.   Eliminate unforseen problems and future headaches. 2.   The inspection report provides a third-party, unbiased opinion of your property to offer potential buyers. 3.   The inspection will alert you to items of immediate concern, such as safety items, and major repairs prior to listing. 4.   The inspection report can help you realistically price your home as you may have found major issues with the home. So when pricing some consideration regarding the true condition of the home can be evaluated. 5.    A pre-listing inspection reveals problems ahead of time and if repaired, the home will show better and most important, when an offer does come in and there is an inspection, the home owners can rest knowing that everything is covered. Plus as a big bonus which most people never realize is the once accepted offer will not be re-opened for a much lower price because of what was found during the inspection or the buyers will walk away. 6.    The inspection report can provide you with the confidence to stand by your price even if the buyer places an deflated offer on the negotiation table. 7.    A pre-listing inspection allows the inspection report to be used as a marketing tool. 8.    The sale is less likely to fall apart when a buyer's home inspector unexpectedly reveals a problem. 9.    A Pre-listing inspection will provide a sense of relieve for  prospective buyer's when they find little that needs repair. 10.  The inspection report can help you realize a higher asking price if problems don't exist or have been corrected.

Real Estate Life Cycle Of Home Components Seen Through The Inspectors Understanding Of The Issues Involved By Providing Objective Information

Most homes have fairly predictable life cycles with regards to their components. For example, the typical life cycle of a high-efficiency furnace is 15 to 20 years. What this means is that most high-efficiency furnaces last between 15 and 20 years.

One way to know the extent of the maintenance needed and the costs to repair and/or replace items is to have a home inspection conducted. Home inspectors are required to let the buyer know if a component is significantly deficient or if it is near the end of its life cycle (service life), and a reputable home inspection company may offer up-to-date repair-cost guides to help clients with their planning.

Home inspectors work with Realtors and buyers to help them understand the issues that are found in the home, regardless of age, offering the right perspective and objective information. Home buyers need to understand that it's normal for items in a home to wear out. This should be regarded as normal "wear and tear" and not necessarily a defect.

A good home inspection determines the current condition of the house, offering a report of all the systems and components in need of maintenance, service, repair or replacement.

For example, consider a home inspection that uncovers that the heating system is old and requires replacement. A home buyer may see this as a huge problem. However, this problem may be the only item in the home that requires attention. If a buyer were to look at this situation in perspective, this home could be well above average-a home merely requiring a new furnace.

A good home inspection provides objective information to help the buyer make an informed decision. Knowing what items need to be budgeted for repair or replacement will help home buyers plan or negotiate better and not be stuck with unexpected costs of hundreds, or even thousands of dollars in the long run. Also, fixing these items will make a marked improvement on the performance of a home and minimize issues that could affect its future integrity...and value.